Nasdaq Dubai lists $500M Sukuk for Arab Energy Fund
Nasdaq Dubai listed sukuk worth $500 million issued by the Arab Petroleum Finance Corporation. This comes as part of the corporation's Trust Certificate issuance program, offering a 4.686% profit rate with maturity in 2031. The issuance received subscription requests exceeding $900 million, more than double the size of the issue. The sukuk also received high credit ratings from Moody’s and Fitch, reflecting the strong creditworthiness of the financing institution. These sukuk are part of the financing strategy to support energy projects and sustainable development initiatives across the Arab world.
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